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Coconut Square 4351-4399 W 16th Ave 32,362 SF 94% Leased Retail Building Hialeah, FL 33012 $16,006,840 CAD ($494.62 CAD/SF) 6.12% Cap Rate
Investment Highlights
- 100% nnn leases
- 6.12% going in cap rate
- Limited shopping center inventory in the area
Executive Summary
32,362 SF mixed use NNN retail center,95% occupied with 20 tenants (19 occupied 1 vacant) 100% NNN leases. Zero landlord expense responsability. Taxes,insurance, and cam paid direct by tenants.
Value Add: 17 of 20 tenants are below the $35/SF market rate.
Value Add: 17 of 20 tenants are below the $35/SF market rate.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
32,362 SF
Building Class
B
Year Built
1984
Price
$16,006,840 CAD
Price Per SF
$494.62 CAD
Cap Rate
6.12%
NOI
$979,619 CAD
Percent Leased
94%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.48
Lot Size
1.55 AC
Zoning
C-2 - Liberal retail commercial district permitting a wide range of retail and personal service uses.
Parking
95 Spaces (2.94 Spaces per 1,000 SF Leased)
Frontage
306’ on W 16th Ave
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 2nd Floor
- 550 SF
- Retail
- -
- Now
- 2nd Floor
- 1,500 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 2nd Floor | 550 SF | Retail | - | Now |
| 2nd Floor | 1,500 SF | Retail | - | Now |
2nd Floor
| Size |
| 550 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 1,500 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Exceptionally walkable
90/100
Fairly drivable
50/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-3002-072-0030 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $5,091,807 CAD |
Property Taxes
Parcel Number
04-3002-072-0030
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,091,807 CAD
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Coconut Square | 4351-4399 W 16th Ave
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